Insurance Define Insurance at Dictionary.com

Insurance definition the act system or business of insuring property life one s person etc. against loss or harm arising in specified contingencies as fire accident death disablement or the like in consideration of a payment proportionate to the risk involved. See more.

Insurance - definition of insurance by The Free Dictionary

a. the act system or business of providing financial protection for property life health etc against specified contingencies such as death loss or damage and involving payment of regular premiums in return for a policy guaranteeing such protection